10 Best Government Grants and Loans for Small Businesses in Canada (2025)

Starting or growing a small business in Canada can be expensive. Fortunately, the federal, provincial, and territorial governments offer a wide range of grants, loans, and funding programs to support entrepreneurs. Navigating these programs can be confusing, so we've compiled a list of some of the best and most popular options available.

Federal Programs

1. Canada Small Business Financing Program (CSBFP): This is not a direct loan from the government. Instead, the government makes it easier for small businesses to get loans from financial institutions by sharing the risk with lenders.
2. Futurpreneur Canada: Aimed at aspiring business owners aged 18-39, this program provides financing, mentoring, and support to help launch and grow a business.
3. Strategic Innovation Fund (SIF): For larger, more established businesses, this fund supports large-scale projects that will help Canada's industrial and technology sectors grow.
4. CanExport SMEs: This grant helps small and medium-sized enterprises develop new export opportunities and markets. It can cover costs like travel, trade show participation, and marketing materials.
5. Scientific Research and Experimental Development (SR&ED) Tax Incentive Program: This is a tax credit program that encourages Canadian businesses of all sizes and in all sectors to conduct research and development (R&D) in Canada.

Programs for Specific Groups

6. Black Entrepreneurship Program (BEP): This program provides loans, mentorship, and resources specifically for Black business owners in Canada.
7. Women Entrepreneurship Strategy (WES): A comprehensive strategy that includes funding, mentorship, and resources to help women-owned businesses grow and succeed.
8. Indigenous Business and Investment Council (IBIC): Offers various programs and funding opportunities to support Indigenous entrepreneurs and businesses.

Key Provincial Programs

9. Digital Main Street (Ontario): Offers grants to small businesses to help them adopt and use digital technologies to grow their online presence.
10. Innovate BC (British Columbia): Provides a range of funding programs and resources for tech startups and innovative businesses in B.C.

Where to Find More Programs

The best resource is the Government of Canada's official **Business Benefits Finder**. This is an online tool where you can answer a series of questions about your business, and it will provide you with a tailored list of all the federal and provincial programs you may be eligible for.

💡 Do Your Research

Securing government funding takes time and effort. Each program has specific eligibility criteria and a detailed application process. Start by using the Business Benefits Finder tool to see what you qualify for, and be prepared to write a strong business plan and application.